Intel Capital Announces Venture Investments Totalling $60 Million
Intel’s venture arm announced 15 new venture investments, announcing for the first time an investment in Tel Aviv-based startup Alcide
Lilach Baumer | 17:45 22.10.2017
On Thursday, Intel's venture arm Intel Capital announced 15 new venture investments totalling $60 million in startups based in the U.S., Canada, China, Israel and Japan, announcing for the first time an investment in Tel Aviv-based cybersecurity startup Alcide.io.
According to the company, Intel Capital's investments in 2017 totalled over $566 million. “The job in Intel Capital is to focus on being the eyes and ears or the path finding operation for all of Intel,” said Intel Capital’s President Wendell Brooks in an interview with Calcalist in August. “I am meant to be putting investments out into the ecosystem that help us learn what the next technology trend is going to be and where the next opportunity is going to be and I want to make investments only in places where we add value to the portfolio companies,” Mr. Brooks added.